Answered: the current assets are 62.5% , the…

the current assets are 62.5% , the total assets are ₱600,000, owner’s equity is twice the total liabilities, how much is the total owner’s equity? Show solutions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

the current assets are 62.5% , the total assets are

₱600,000, owner’s equity is twice the total

liabilities, how much is the total owner’s equity?

Show solutions.

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